They will have security/fire safe file cabinets for closed loan files, employee records, administrative reports, past examination records, etc. and banks are required to have off site storage for duplicate items to meet emergency prepairdness plans, in case the main branch is blown away.Other storage customers are medical facilities, your public school system stores tons of records, city and county offices have files that are not sensitive, and just about anyone who is getting a croweded office like your insurance agent.

All of this is due to the legwork involved of cross examining a qualified applicant and having boots on the ground to deliver sane day maintenance requests.

If you are in a tight budget don't forget the permits and architectural drawings will add considerably to the cost along with increases in material and labor, so examine all the numbers and consider markets outside of California if you want CF.

Being able to evaluate the market analysis and even examine ARV options based on sale price/renovation costs and MLS/AVM comparables. 

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Id have to examine my portfolio more closely but I bet im 66% real estate and 33% stock or cash right now, Id probably flip that ratio in retirement.

Here are my original 2018 goals with italicized updates below: Achieve CA RE License Finishing last course on 27 AprilTaking exam in MayCreate my CA PM companyPending completion on RE licensingAdditionally, rebranding RE brokerage that PM Company will fall under.Take on first outside property for PM companyPending previous goalsPurchase 4 properties in NYVisit target market May 18-26.Expand presence and develop partnership with a current operating REI/PM company in Upstate, NYVisit target market May 18-26.Walk away from current career IOT move to full time investment focus in REI and other business opportunitiesIn progress.I have additional focuses such as my reading/audio books and continued activity on this forum, but I am not setting a minimum requirement for these.

We also constantly examine the Jacksonville market. 

SF/Oakland/Berkeley/LA / West Hollywood and Santa Monica will be carved out and new law will not apply: There are Dozen more provision which you may examine later today.Just Cause Evictions will be installed: Again, like Oregon Tenants Rights will not Vest for First Year.

These two books examine the cnsequences of success on two very different protagonists.